Client Alerts

Turkey Passes Crowdfunding Legislation

Turkey recently passed legislation to regulate crowdfunding, aimed at bringing together small investors to fund primarily idea-based projects. While crowdfunding has already been in limited use in Turkey, it only involved reward-based or grantbased crowdfunding, due to the lack of legislation regulating return-based crowdfunding activities. With this new legislative step, Turkey follows the United States and the United Kingdom to become the third country to adopt crowdfunding legislation.

 

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